Banking, Financial Services & Insurance

The Cards and Payments Industry in Japan- Emerging Trends and Opportunities to 2020

  • GLO1264852
  • 48 Pages
  • August 2017
  • Banking, Financial Services & Insurance
The Cards and Payments Industry in Japan: Emerging Trends and Opportunities to 2020

Summary

GlobalDatas "The Cards and Payments Industry in Japan: Emerging Trends and Opportunities to 2020", report provides detailed analysis of market trends in the Japanese cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including credit transfers, cash, payment cards and checks during the review period (2012-2016).

The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, transaction values and volumes during the review period and over the forecast period (2016-2020). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes.

The report brings together GlobalDatas research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers details of regulatory policy and recent changes in the regulatory structure.

The report provides top-level market analysis, information and insights into the Japanese cards and payments industry, including -
- Current and forecast values for each market in the Japanese cards and payments industry, including debit and credit cards.
- Detailed insights into payment instruments including credit transfers, checks, cash and payment cards. It also, includes an overview of the country's key alternative payment instruments.
- E-commerce market analysis and payment methods.
- Analysis of various market drivers and regulations governing the Japanese cards and payments industry.
- Detailed analysis of strategies adopted by banks and other institutions to market debit and credit cards.

Scope

- The Japanese government undertook a number of initiatives to encourage electronic payments during the review period. As part of its Regional Revitalization policy launched in June 2014, the government urged banks to upgrade domestic ATMs to make them compatible with overseas-issued cards, due to a rise in inbound tourists. In January 2016, the Ministry of Economy, Trade and Industry announced plans to launch a mobile payment (m-payment) app for foreign visitors. Consumers register passport and credit card details in the app, and make payments at retail outlets using mobile phones.
- Japan Post Bank, Seven Bank, Mitsui Banking, Mitsubishi UFJ, Mizuho Bank and E-net Japan Corporation have installed ATMs that accept foreign-issued payment cards. All of Seven Banks ATMs - primarily located in 7-Eleven stores - now accept foreign cards. The company, which has 23,000 ATMs, plans to expand the network by 2,000 by 2018. Japan Post Bank also plans to install 3,500 ATMs by 2018.
- The government aims to welcome 40 million tourists a year by 2020, as a total of 25.4 million tourists visited Japan in 2016. To help intentional tourists, the government abolished tax for foreign travelers on confectionery, cosmetics, food, alcohol and medicinal items from October 2014. According to the new law, tourists spending US$42.7 (JPY5,000) or above at specified merchants are eligible for tax exemptions from bills.

Reasons to buy

- Make strategic business decisions, using top-level historic and forecast market data, related to the Japanese cards and payments industry and each market within it.
- Understand the key market trends and growth opportunities in the Japanese cards and payments industry.
- Assess the competitive dynamics in the Japanese cards and payments industry.
- Gain insights into marketing strategies used for various card types in Japan.
- Gain insights into key regulations governing the Japanese cards and payments industry.
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